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Home / Metal News / LME Aluminum to Meet Strong Resistance (2017-6-1)

LME Aluminum to Meet Strong Resistance (2017-6-1)

iconJun 1, 2017 09:37
LME aluminum will move between USD 1,920-1,940/mt today, with strong resistance at the 5-day and 10-day moving averages.

SHANGHAI, Jun. 1 (SMM) –LME aluminum will move between USD 1,920-1,940/mt today, with strong resistance at the 5-day and 10-day moving averages. SHFE 1707 aluminum should move mainly between RMB 13,750-13,950/mt.

In east China’s spot aluminum market, spot discounts of RMB 110-70/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-1)

 

SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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